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Big Bay de Noc

Learn about the people, housing, costs and businesses in Big Bay de Noc, Michigan

Median Home$385,106
Median Rent$837/month
Population7,506
Leading IndustriesWholesale Trade · Education · Manufacturing13% wholesale trade
Home Value Growth⬆⬆+21.0% over 2 years
Retirees31% of residentstop 3% nationally
Homeowners88% of occupied units
NotableVeteran Community11% of residents · top 5% nationally
Big Bay de Noc
MI

Frequently Asked Questions

What are today's mortgage rates in Big Bay de Noc?

As of today, the 30-year fixed mortgage rate for Big Bay de Noc is approximately 6.838% (6.872% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Big Bay de Noc
What is the median home price in Big Bay de Noc?

The median home value in Big Bay de Noc is $385k. The median monthly rent is $837. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Big Bay de Noc?

Home values in Big Bay de Noc have increased 21.0% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Big Bay de Noc?

Based on a typical all-in ownership cost of $938/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Big Bay de Noc is $72k/year.

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What industries drive the economy in Big Bay de Noc?

The largest employment sectors in Big Bay de Noc are public administration (19%) and wholesale trade (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.